NEW YORKLONDONTOKYO, July 29 Reuters The dollar edged up on Monday as traders braced for a busy week of news featuring Wednesday39;s policy decisions by the Federal Reserve and Bank of Japan, followed by the July US employment report on Friday.

The yen was little changed following the Japanese currency39;s strongest weekly rally since late April on the back of shifting interest rate expectations and a stock market selloff.

The dollar index , which measures the currency against the euro, yen and four other major currencies, rose 0.27 to 104.64. The euro slipped 0.41 to 1.08115 , while the pound was down 0.77 to 1.2841.

Dollaryen was last up 0.17 at 154.05 , reversing an earlier decline of as much as 0.49 to 153.04.

Markets have been focused on the surge in the yen over the last week, with rising speculation of a BOJ interest rate hike this week helping buoy the currency.

This is an incredibly jampacked week, Brown Brothers Harriman Global Head of Market Strategy Win Thin said in a client note. The FOMC is expected to keep rates on hold Wednesday but open the door for a September cut. Meanwhile, the July jobs report will remain consistent with a labor market coming into better alignment whilst still supporting consumption.

Thin said the yen will likely struggle to gain further upside momentum, with the BOJ likely to deliver a dovish hike at its meeting on Wednesday.

The U.S. Federal Open Market Committee FOMC is widely expected to leave rates unchanged this week,…